Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.009%

Price spread now: BingX against SoDEX−0.012%55s7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.185% of the position

Long on SoDEX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.101%−$10 · spread now −0.012%, 7d avg −0.049%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.036% dearer against SoDEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.049%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XAUT-USD	4,360.3	0.0050	pay 0.0006% / 1h	38m 25s	$10.2M	$2.0M	25x
Short	BingX XAUT-USDT	4,359.8	0.0100	get 0.0050% / 4h	3h 38m	—	$17.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee BingXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $10.5
Price spread: −0.012% → −0.049%: $3.65
Slippage, 4 orders: −$0.52
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$4.37
Costs to cover: 0.185%
Break-even: 9.9 days

Slippage from SoDEX: live order book, 1 min ago; BingX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 1 min ago	0.12 bp	4.1 bp −$4	5.0 bp −$50	46.2 bp −$4,623	doesn't fit
Sell BingX live order book, 10 min ago	0.14 bp	5.2 bp −$5	6.4 bp −$64	12.0 bp −$1,195	43.3 bp −$21.6K

XAUT on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps XAUTUSD	−0.0189%	1h	4,362.6	+0.052%	$56K	$31K	20x	as long as short
Bitget XAUTUSDT	−0.0058%	4h	4,359.1	−0.028%	$26.0M	$15.3M	75x	as long as short
Gate XAUT_USDT	0.0000%	8h	4,360.5	+0.005%	$131.4M	$8.1M	100x	as long as short
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.241%	$8K	$149K	30x	as long as short
SoDEX XAUT-USDlong	+0.0050%	1h	4,360.3	long leg	$10.2M	$2.0M	25x
Variational Omni XAUT	+0.0097%	4h	4,360.2	−0.003%	$33.3M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,359.6	−0.017%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,359.7	−0.014%	$35.5M	$46.8M	75x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,359.8	−0.011%	$121.0M	$27.8M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,359.6	−0.016%	$338.2M	$280.1M	1000x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,361	+0.016%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDTshort	+0.0100%	4h	4,359.8	−0.012%	—	$17.9M	—
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,363.6	+0.075%	$1K	$115K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,359.5	−0.018%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,361	+0.017%	$1.9M	$245K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,364.6	+0.098%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,357.3	−0.069%	$1.9M	$231K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,358.5	−0.042%	$274K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,361.2	+0.021%	$5.3M	$4.0M	50x	as long as short
BloFin XAUT-USDT	+0.0340%	4h	4,360	−0.007%	$2.3M	$1.7M	75x	as long as short